On August 1, 2018, Towson Corp., declared a 5% stock dividend on its common stock when the market value of the common stock was $14 per share.

On August 1, 2018, Towson Corp., declared a 5% stock dividend on its common stock when the market value of the common stock was $14 per share. The balance in the common stock account, before the stock dividend was declared, was $800,000. The par value of all common stock is $10. What is the total dollar amount credited to additional paid in capital - common stock on August 1, 2018?